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Question 26. Marigold Company developed the following information about its inventories in applying the lower-of-cost-or-net realizable value (LCM) basis in valuing inventories: Net realizable Product

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Question 26. Marigold Company developed the following information about its inventories in applying the lower-of-cost-or-net realizable value (LCM) basis in valuing inventories: Net realizable Product Cost value A $112000 $123000 B 84000 76000 155000 160000 If Marigold applies the LCNRV basis, the value of the inventory reported on the balance sheet would be a $351000 b.$343000. c.$359000. d.$367000

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